The government on Monday said 58 million new job opportunities are likely to be created during the 11th Five year plan (2007-12), thanks to various steps including three stimulus packages since December 2008. Replying to a supplementary during the Question Hour in Lok Sabha, Labour and Employment Minister Mallikarjun Kharge said employment is projected to grow at an average rate of 2.73 per cent annually. He informed the House that...
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Private sector may be roped in to hone rural work skill
The Centre is considering seeking the help of private institutions to impart training to BPL households to augment functional capability of workers in rural areas, Prime Minister Manmohan Singh said here on Tuesday. Addressing the MNREGS Sammelan 2010, Dr. Singh said integration of the Mahatma Gandhi National Rural Employment Guarantee Scheme with the National Rural Livelihood Mission was among the options before the government to not only create job opportunities...
More »Bonus Excesses and Outrage by Jaimini Bhagwati
Government and regulators need to focus on the systemic risk engendered by excessive compensation. As calendar year 2009 draws to a close, it is bonus season for the financial sector in the West. In the last several months, the need to cap bonuses and compensation packages has been extensively discussed in the context of limiting the future impact of the next financial sector breakdown. On December 9, 2009, the UK was...
More »Jobless dam bursts in city by Tamaghna Banerjee
Soumendu Barat, postgraduate in history and Bengali Nasima Begum, graduate in economics with diploma in a computer course Sanjay Dutta, postgraduate in Bengali Oct.13: In Calcutta this morning, Soumendu, Nasima and Sanjay were preparing for the biggest gamble of their lives where the chance of success is .004. The jackpot? A Group D government job that will enable them to work as “peon, orderly peon, night guard or darwan”. Joblessness, the curse generations have lived...
More »Right to Work (MG-NREGA)
KEY TRENDS • The proportion of households which completed 100 days of wage employment under MGNREGA in total households that worked was 6.02 percent in 2014-15, 10.07 percent in 2015-16, 7.79 percent in 2016-17 and 5.78 percent in 2017-18 @$ • Completed works as a proportion of total works was 30.15 percent in 2014-15, 29.39 percent in 2015-16, 40.27 percent in 2016-17, 32.01 percent in 2017-18 and 3.3 percent in 2018-19 (as on 7th May, 2018) @$ • In...
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